Effective Yield The effective yield is the annual rate i that will produce the same
Chapter 4, Problem 32(choose chapter or problem)
Effective Yield The effective yield is the annual rate i that will produce the same interest per year as the nominal rate r. (a) For a rate r that is compounded continuously, show that the effective yield is (b) Find the effective yield for a nominal rate of 6%, compounded continuously.
Unfortunately, we don't have that question answered yet. But you can get it answered in just 5 hours by Logging in or Becoming a subscriber.
Becoming a subscriber
Or look for another answer